Examlex
Which of the following is FALSE?
Labor
The physical and mental effort used in the production of goods and services.
Good
A material item or service that can be bought, sold, or traded, providing utility or satisfaction to the buyer.
Circumstances
A fact or condition connected with or relevant to an event or action, often influencing it or determining the outcomes.
Economic Theory
A set of principles and models that attempts to explain how economies operate and how economic agents interact.
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